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In 2015, $ADM's income taxes fell to $438MM due to lower earnings before income taxes and a lower effective tax rate. $ADM's effective tax rate for 2015 fell to 19% versus 2014 due primarily to low tax rates on one-time gains related to portfolio actions, a $70MM favorable impact of discrete items and changes in geographic mix of pretax earnings.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?